2 Inverkip Street, Greenock, a former Tesco store and cark park, has been acquired for £3.1 mln (approx. 3.8 mln). The 41,100 ft²(approx. 3,818 m²) building was bought on a sale and leaseback basis and a new 20-year lease (expiring 2032), with RPI linked reviews and no break clauses was agreed.

Ric Crane, Director, Separate Accounts, said: "These four purchases offer secure, 10-year plus income streams at above average yields off low rental levels. This meets the requirements of our client and is line with their investment strategy."